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Market Microstructure - Intermediaries and the Theory of the Firm (Hardcover) Loot Price: R2,705
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Market Microstructure - Intermediaries and the Theory of the Firm (Hardcover): Daniel F. Spulber

Market Microstructure - Intermediaries and the Theory of the Firm (Hardcover)

Daniel F. Spulber

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Was R3,136 Loot Price R2,705 Discovery Miles 27 050 | Repayment Terms: R253 pm x 12* You Save R431 (14%)

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This book presents a theory of the firm based on its economic role as an intermediary between customers and suppliers. Professor Spulber demonstrates how the intermediation theory of the firm explains firm formation by showing how they arise in a market equilibrium. In addition, the theory helps explain how markets work by showing how firms select market-clearing prices. Models of intermediation and market microstructure from microeconomics and finance shed considerable light on the formation and market making activities of firms. The intermediation theory of the firm is compared to existing economic theories of the firm including the neoclassical, industrial organization, transaction cost, and principal-agent models.

General

Imprint: Cambridge UniversityPress
Country of origin: United Kingdom
Release date: April 1999
First published: 1999
Authors: Daniel F. Spulber
Dimensions: 238 x 159 x 26mm (L x W x T)
Format: Hardcover
Pages: 406
ISBN-13: 978-0-521-65025-0
Categories: Books > Business & Economics > Economics > Microeconomics > General
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LSN: 0-521-65025-9
Barcode: 9780521650250

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